Oracle’s Mixed Q1 Earnings: Profits Up 15 Percent But Revenue Down As Ellison Emphasizes The Cloud

Oracle just announced mixed third quarter earnings this afternoon, reporting that revenues were down 2% to $8.2 billion. GAAP earnings per share were $0.41, up 15% compared to last year while non-GAAP earnings per share were up 11% to $0.53. Analysts expected $0.53 in earnings per share on $8.4 billion in revenue GAAP new software licenses and cloud software subscriptions revenues were up 5% to $1.6 billion, while non-GAAP new software licenses and cloud software subscriptions revenues were up 6...